Bullet Points of the new Stimulus Plan for energy efficiency

[Jason Kaylor]

I found some bullet points for the new stimulus plan for energy efficiency. I copy and pasted from a site, I am very sure they are accurate because of the source, but you should always do your own due diligence on this type of stuff.

-Energy efficiency incentives for upgrades to existing homes have been extended, and are now available for 2009 and 2010.
-The financial cap for these incentives, which cover home envelope improvements as well as heating, cooling and water heating equipment, was increased to $1,500 (from $500).
-Lower caps, such as the $200 cap on new windows, have been abolished. The existing home incentives are now calculated at 30% of the cost of the installation, up to the $1,500 cap. The legislation is unclear on whether this includes both equipment and labor, however previous IRS rulings suggest that labor is NOT included.
-Standards for equipment eligibility have changed (coming soon)
-On-site renewables (solar photovoltaic and hot water systems, small wind systems, and geothermal heat pumps) are now eligible for a tax incentive worth 30% of the total cost, without a cap.
-There are new incentives for plug-in electric vehicles, and plug-in conversion kits.

Jason Kaylor – JJ
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